Angolan diamond

Rare pink diamond may be the largest found in last 300 years

Rare pink diamond may be the largest found in last 300 years
Aerial view of an Angolan diamond mine, 20 October 2018. EPA-EFE/AMPE ROGERIO

(Bloomberg) --A rare pink diamond found in Angola may be the largest recovered in the last three centuries, according to Australian miner Lucapa Diamond Co.

The 170-carat stone from the Lulo alluvial mine has been named the “Lulo Rose,” the company and its partners, Endiama E.P. and Rosas & Petalas, said in an exchange filing on Wednesday. It will be sold through an international tender conducted by Angolan state-owned diamond trading firm Sodiam.

Fancy colored diamonds, which are rarer than colorless ones, have fetched record-setting prices in recent years. The De Beers’ Cullinan blue diamond was auctioned for about $57.5 million at Sotheby’s in Hong Kong in April.

By Ranjeetha Pakiam
Jul 27, 2022, 5:18 AM
Word Count: 118

© 2022 Bloomberg L.P.

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